The Bridge Fund Loan Program
Short-Term Loans
Short-term loans of up to $50,000 are available to full member theatres in good standing. The interest rate on these loans is the prime rate and the term of the loan can be no more than six months. There are two types of short-term loans.
Cash Flow Loans
Cash flow loans are made against receivables for which the loan applicant has proof that the money will be received within six months. These receivables can include signed contracts, grants for which there is an award letter, Equity bonds, and government contracts.
Bridge Financing
Bridge financing should be applied for when the loan applicant does not have proof of a specific receivable, but has a realistic expectation of receiving income. For example, this loan could be used to bridge box office or benefit income.
Click here to download the Short Term Financing Loan application.
Emergency Fund
The Emergency Fund will make grants to full and associate member theatres suffering financial hardship because of an unforeseen emergency. Because this fund’s resources are limited, the maximum grant is $1,000, and the applicant has to show a true unforeseeable emergency.
Click here to download the Emergency Fund application.
For information on any of these programs, contact Mary Harpster at .